Despite economic woes, cash-strapped consumers, and forecasts for a dismal holiday retail season, value investor Charles Mizrahi still sees value for long-term investors in high-end retailer Coach (NYSE: COH).
The editor of Hidden Values Alert explains, "Founded in 1941, Coach has grown from a family-run workshop in a Manhattan loft to a leading American marketer of fine accessories and gifts for women and men.
"Coach is one of the most recognized fine accessories brands in the United States and in targeted international mark
This morning I went short 200 shares COH at $28.10. Poor OBV and overbought stochastic reading during what looks to be a short covering rally make this entry attractive. The stock seems to be failing at the 20 day MA. I will place my stop above the recent highs (above $29), with an initial target in the $24-25 range.
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Company Profile: Coach, Inc. (COH) (obtained via Google Finance)
Coach, Inc. (Coach) is a designer and marketer of handbags and accessories. The Company offers luxury lifestyle accessories to the customers and provides consumers with fresh and relevant products. Coach’s handbags and accessories use a range of quality fabrics and materials. Coach’s primary product offerings include handbags, [...]
On the other hand, there do seem to be some compelling valuations out there. The trick is in deciding where to call the bottom, or in finding stocks where expectations have sunk so low that they may already be discounting the worst case scenario.
My phone vibrated at me the morning of 12/19 and told me Coach had hit my target buy-in price. News indicated a minor panic due to an announcement of a price reduction. Of course, it's prudent to read further. Coach has indeed reduced prices - a cause for concern. But it's on a few styles of handbags and only in its wholesale channel? I'll leave the panic to the day-traders and draw my own conclusions here.
First we need to keep in mind that Coach has retail and wholesale channels. A price reduction in the wholesale channel may well reflect a concession to a particular retailer to ...
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A few moments ago, on my own arbitrary decision (I always reserve the right to make these!), I sold my remaining 61 shares of Coach (COH) at $46.25. Coach has been under pressure recently. Much like Starbucks it is a phenomenal success story. However, with my own sale of shares, I
If you missed my piece from the Weekend Wall Street Journal on looking beyond same-store sales, you can read it here on MarketWatch. The story used Bed Bath & Beyond as an example of what happens when everything isn't quite right; there was a small mention of Coach (coh), whose strong same-store sales are the envy of retailers everywhere. Based on emails, the mere mention of Coach perturbed some Coach investors.
The beat goes on...
P.S.: I'm scheduled to be guest-hosting CNBC's Power Lunch all week. I'm also scheduled to be on Kudlow & Co. on Tuesday and On the Money Wed
As I like to do from time to time on this blog, I would like to share with you the current status of my Trading Portfolio. I last wrote up my "trading portfolio update" on June 7, 2007 , a month ago. There have been a few changes since then. But the biggest development has been my partipation in Covestor. You now can check my Covestor page and see the daily changes, all trades, and my performance relative to the indices and other registered investors. Thus far, I have been doing quite well as it has been a fortunate month for me especially with he Ventana bid by Roche . I am...
Everyday you can find updated buy and sell alerts on many hot stocks here on Predict Wall Street. This is a simple way to make money in the stock market and by using " Mojo Crossover " you will be trading with the flow bullish or bearish. The day-to-day predictions are for day traders or entry points for long-term traders. This is the same method I used to overcome 13,344 registered members to become #1 on PredictWallStreet.com with >70% accuracy on >10,000 predictions in 2007. http://modj97-predictwallstreet.blogspot.com
Coach, Inc. (Coach) is a designer and marketer of handbags and accessories. The Company offers luxury lifestyle accessories to the customers and provides consumers with fresh and relevant products. Coach's handbags and accessories use a range of quality fabrics and materials. Coach's primary product offerings include handbags, women's and men's accessories, outerwear, business, travel, watches, footwear and eyewear. It operates in two business segments: Direct-to-Consumer and Indirect. On July 1, 2005, the Company purchased Sumitomo Corporation's 50% interest in Co...
This one went down 6% today, showing a good entry sign. Crash Dummies are picks that are financially solid and seemed to have gone down on news, or for no apparent reason. They belong on your watch list and are good for relatively short term positions as long as a month. AMRN is another "Crash Dummy"
Please find our reading of the technicals of this chart and many, many others at our public listing at stockcharts.com. You may use the following link to access the same:
Looking for the bottom?....Keep looking.
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About Coach Inc
- Answers.com
Despite economic woes, cash-strapped consumers, and forecasts for a dismal holiday retail season, value investor Charles 
